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CABLE TECHS: Consolidating, but Still Looks Bullish
Following Friday's decent gains, cable has consolidated slightly, but the
short-term outlook remains bullish. Wednesday's high acts as support at 1.3102.
Holding above here keeps the focus on the April 3 high at 1.3196. A close below
1.31, however, would trigger bearish signals opening the 200-dma & 61.8%
retracement level sit at 1.2959/56. Expect further support from the Apr 30 low
at 1.2926, ahead of a run at the 1.29 handle.